
27 April 2024 | 3 replies
Tax returns and w2 paystubs?

27 April 2024 | 10 replies
Here are some details that might be helpfulMortgage - 2920 (2.875% interest rate), Property taxes - 1000 per month approximately, HOA - 450 per month, insurance 150 per monthThe maximum rental that I can get for this property would be around 4000 per month.

27 April 2024 | 1 reply
Essentially, people could donate money and get tax deductions and then that money could be pooled to buy property, fix it, rent it and pay a manager.I’m assuming it would be similar to a self invested Ira.

25 April 2024 | 7 replies
You don’t pay any capital gain taxes.
27 April 2024 | 2 replies
Here are the details at a high level:Purchase price: 174,000Closing costs: 2,000Down payment: 20%Rental income: 1525Monthly expenses: 487 (insurance + tax)Maintenance: 128 (1% of purchase price)10% vacancy: 150Self-managingI am not sure what interest rate to use to get the monthly mortgage amount.

25 April 2024 | 0 replies
Creates a feeling of burden rather than passion or opportunity.

26 April 2024 | 4 replies
I'm also hesitant to bet heavily on permanent tax deferral strategies (e.g., "buy, borrow, die") as a lot could change about the tax code over my lifetime.

24 April 2024 | 16 replies
Anything y’all do that makes tax season easier?

30 April 2024 | 101 replies
I don't know Cleveland, but let's say that taxes and insurance total $200/month.

25 April 2024 | 2 replies
I'm a little confused about deducting real estate taxes.